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EUR/USD was showing little movement on Wednesday during Asia & Europeon session, as the pair hovering above the 1.3600 level. However, we have seen some buying interest on this pair at the start of US session, which I was expecting before FOMC Meeting Minutes and as such I had placed a pending order at 1.3598 demand zone and price missed my order by few pips and hit my desired take profit level.
It would be interesting to see USD correlated pairs price movement in next couple of days, as it was pretty clear from FOMC Meeting minutes that Fed's are all set to end QE by October 2014 but they don't expect rates to get very high because of lingering headwinds to the economy.
It would be interesting to see USD correlated pairs price movement in next couple of days, as it was pretty clear from FOMC Meeting minutes that Fed's are all set to end QE by October 2014 but they don't expect rates to get very high because of lingering headwinds to the economy.
